The nipponese economy has been in place for over 30 years. // Source: photograph by Morio / wikimedia commonsFrom the summit in the dark of uncertain future – so you can sum up economical destiny until late the second economical power of the world. Japan, which over the years has been associated with advanced technology, an unsurpassed level of improvement and innovation, has been plagued by immense structural problems that have not been solved for the 4th decade. Overtaken by China, and even by struggling with the recession, Germany must "revent" to keep pace with another powers.
Permanent stagnation – this phrase best describes the condition of the nipponese economy since 1990. Since then, the country has besides been affected by 2 disasters, which have had a crucial impact on the country's economical problems. Earthquakes of 1995 and 2011 caused immense losses in infrastructure, the removal of their effects consumed billions of yen. For various reasons, Japan has barely developed for more than 30 years. The country is economically inactive in place. It's a akin mrage in politics. Since 1955, the political scene has been dominated by one, ossified group – the Liberal-Democratic Party. The next prime ministers on her side are incapable to cope with the promised expansion of the country's economy. However, election settlements are missing. Japan's collapse is somewhat "comfortable". The standard of surviving is inactive very high, the inhabitants enjoy excellent infrastructure and long, healthy life. However, all year their country means little and little in a dynamically developing world. A peculiar challenge for Japan was the incredible improvement of its east Asian neighbours – China, South Korea and Taiwan. In fresh years, technology giants from these countries, including Xiaomi, Huawei, LG, Samsung and ASUS, have swept nipponese electronics manufacturers from the planet podium.
In the late 1980s, Japan competed with the United States of America for the world's largest economy. Postwar reconstruction followed by an economical miracle, Astonished World. nipponese electronics, nipponese cars, nipponese films – this has all become the everyday life of millions of people around the world. peculiar accelerators for the improvement of the Cherry Flowering Country were major global events, which were accompanied by innovative investments in infrastructure. The flagship example is the construction of the world's first high-speed railway line, the celebrated Tōkaido Shinkansen route, opened for the 1964 summertime Olympics in Tokyo. Then Japan was only starting its spectacular way to economical power. 2 decades later, it seemed that the island state was on a consecutive way to outrun the US in terms of gross home product. Harvard economists predicted that this would happen at the latest in 1995. The property prices in Tokyo reached astronomical levels, and the nipponese lived in blissful unawareness of the upcoming problems.
This is simply a country for old people
According to CIA data from 2020, the average nipponese was nearly 49 years old at the time. By comparison, the average age in Poland in the same year was little than 42 years. The data related to nipponese children are besides alarming. Despite the government's long-standing efforts to safeguard the work of pregnant women, the birth rate remains dramatically low, which is just about 1.3 children per woman. These negative indicators make up only half of the demographic bomb, which slow breaks the nipponese economy. The evidence longevity of the inhabitants of the archipelago (according to Macrotrends data, the average life expectancy of the nipponese is over 85 years, the most in the world), translates into an expanding number of seniors, who are increasingly hard to maintain. Those over 65 years of age already account for 30% of the full population, and the number of centennials has exceeded 90 000 last year! The deficiency of prospects for improvement in little urbanised prefectures increases youth migration to cities. As a result, the nipponese state begins to match the impoverished home of old age. Across the country, we will find hundreds of dying towns where public life institutions are gradually falling, where business closes and where rail transport stops. The most worrying data concerns the northern Hokkaido Prefecture – there are municipalities in which the percent of pensioners has already exceeded half the population. comparatively the youngest in turn are residents of the tropical Okinawa Prefecture. Ageing of the population increases the urbanization process, focuses the active population and services in the already crowded cities. The future of the nipponese state is dark. Childlessness “persecutes” even the nipponese imperial family. The line of succession to the chrysanthemum throne is very short, and the future bound by rigid principles and discriminating women of the institution is questionable. Is Japan doomed to a slow collapse?
The economical program of the erstwhile Prime Minister Abe, named after his name Abenomics, did not bring the expected results. Its only effect is to overcome the adverse phenomenon of long-term deflation (maturity of money) and turn it into delicate inflation (which is only 2.5% last year). The backdrop of the nipponese economy is besides the comparatively low professional activity of women and the massive public debt, whose GDP ratio is over 260% – more than in countries commonly associated with debt problems specified as Greece and Argentina.
Green Casper
